AIS Final Exam vibez Questions 100%
Solved
What does ERP Stand for?
What is ERP? - answer- Enterprise Resource Planning
- a type of software that organizations use to manage day-to-day business activities such as
accounting, procurement, project management, risk management and compliance, and ...
c) Master data reduces ___________. - answer✔a) stable (ex: customer address rarely changes)
b) any business process
c) human error
Example of transaction data? - answer✔- a sales order containing info about a sale
Differences between master data and transaction data - answer✔- The value of transaction data
decreases over time. The value of master data does not
- Master data remains stable, transaction data varies from event to event
What is the purpose of a business status center? - answer✔to provide managers with real-time
information
What is real-time information? What does it mean? - answer✔- information that is delivered
immediately after collection
- transaction is immediately reflected in the company's records and can be used to make business
decisions
What are the 4 benefits of real-time information? (example for each) - answer✔1. Increases
business agility and optimization (ex: changing consumer tastes)
2. Allows managers to make better decisions more quickly (ex: when to order inventory)
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